If you're true to your name, then of course you're bear-biased when it comes to equities.
This S&P 500 Death Cross Could Be The Real Deal
- Thread starter BondTrader001
- Start date
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It worked well last September/+; , but thats daily+ he said weekly LOL. Another problem, a hedge fund manager in MODERN TRADER[JUNE,2016]] noted markets tend not to go down much in elections years. It easily could go down 10%; for real good move 50 + 200 days[not weeks] cross , can work well.
Every year is the same crap in ET, doom and gloom, yet bear years are exceptions not rules, go figure.
if you check the economic data, all point to the down trend since Oct 2015, it's becoming worst in the recent month. plus, SP500 companies earnings for Q1 are bad.
Technically, NASDAQ, RUT, BTK, SOX charts are looking quite shaky. On top of that, markets now deal with headwind (rising interest rate). I think the straw that kinda broke the camel's back was the bad earning reports of those big retail stores.
Technically, NASDAQ, RUT, BTK, SOX charts are looking quite shaky. On top of that, markets now deal with headwind (rising interest rate). I think the straw that kinda broke the camel's back was the bad earning reports of those big retail stores.
You may be right, but if there is a reason for the level holding pointed out by the arrows ( and I think there is ) I would be betting on the long for now. I think the 2105 area highs get taken out in the next few weeks.
Of course there is a reason, its a range, support held, now resistance is pushing down.
Why do you think we break out? Certainly it cant be due to your oscillators
Of course there is a reason, its a range, support held, now resistance is pushing down.
Why do you think we break out? Certainly it cant be due to your oscillators
Because everyone and their dog is wanting the short to materialize so freaking bad. When everyone is leaning one way, maybe opposite will happen?
All it probably needs is get above 2072.25. Then people will start moving their stops and that will fuel the squeeze out.
Maybe it happens, maybe it doesn't.
Dow Jones monthly bar turned down.
Also look at the seasonality, breakout in summer? Aug sept? nah
Month isn't over yet
I mean we took the lows of last month in Dow.